The consulting firm Protiviti recently published the results of a global survey, conducted by the North Carolina State University Enterprise Risk Management Initiative, addressed to directors and officers, about the impact of 27 risk issues facing their organizations in the next year.

Such risk issues were classified into 3 risk categories: macroeconomic, strategic and operational.

Cyberthreats —operational— (57% of respondents) and ‘Poor-Digitization’ —strategic— (51%) ranked among the 10 top risks that respondents considered to have potential “significant impact” in their organization.

What I’ve called ‘Poor-Digitization’ for short, in the survey was formulated as “rapid speed of disruptive innovations and/or new technologies within the industry may outpace our organization’s ability to compete and/or manage the risk appropriately without making significant changes to our business model”. So it is the risk of not adapting swiftly to the digital revolution.

Only two other risks (Regulatory changes and scrutiny, 60%; and Economic conditions, 60%) exceeded the valuation of Cyberthreats.

The survey had over 500 worldwide respondents (about half of them in the US).